IGC Resources Inc.
TSX VENTURE : IGC
FRANKFURT : I6G
PINK SHEETS : IGCGF

IGC Resources Inc.

January 09, 2007 09:30 ET

IGC Resources Announces Appointment of New Director

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 9, 2007) - IGC Resources Inc. ("IGC" or the "Company") (TSX VENTURE:IGC)(PINK SHEETS:IGCGF)(FWB:I6G) (WKN# A0H GX4) (www.igcresources.com) is pleased to announce that Stuart Rogers has joined the Board of Directors of the Company, effective January 8, 2007.

Stuart Rogers has been involved in the public venture capital markets since 1987. In November 1990, Mr. Rogers founded West Oak Capital Group, Inc., a privately held investment banking firm specializing in the early stage finance of technology and resource projects through the junior capital markets in Canada and the United States, and has served as a director and officer of client companies listed on the TSX Venture Exchange, the Toronto Stock Exchange, NASDAQ Small Capital Market and NASD OTC Bulletin Board.

Mr. Rogers is currently the President of MAX Resource Corp. and a Director and Chief Financial Officer of Mexivada Mining Corp., both of which are listed on the TSX Venture and Frankfurt Exchanges.

IGC Resources Inc.'s principal business activities are the exploration, development and mining of gold, copper and uranium prospects within Australia, while continuing to investigate other mineral resource prospects for potential acquisition globally. The Company trades on the TSX Venture Exchange under the symbol "IGC" (IGC.V for yahoo.com quotes) and Frankfurt symbol "I6G".

Statements in this release may constitute forward-looking statements which involve known and unknown inherent risks and uncertainties that are detailed in IGC's periodic filings with Canadian securities regulators. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. Actual events or results could differ materially from IGC's expectations and projections.

17.5M shares outstanding; Last trade: C$0.35

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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